QUANERGY SYSTEMS INC (QNGY) Stock Technical Analysis
NYSE:QNGY - New York Stock Exchange, Inc. - US74764U2033 - Common Stock - Currency: USD
Taking everything into account, QNGY scores 0 out of 10 in our technical rating. QNGY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, QNGY is a bad performer in the overall market: 100% of all stocks are doing better.
QNGY is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, of which 96% are performing better than QNGY.
QNGY is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month QNGY has a been trading in the 0.68 - 4.49 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
QNGY has an average volume of 4264190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
QNGY has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.70
1.38
We can see 2 important resistance areas.
- Resistance @1.23 from a trend line in the daily time frame.
- Resistance @1.37 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for QNGY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for QNGY is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | QNGY has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of QNGY is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of QNGY is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 36.34 | NEUTRAL | The RSI value for QNGY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests QNGY has a positive trend. |
| Stochastics (14,3) | 2.21 | OVERSOLD | The low Stochastics value suggests QNGY may be oversold. |
| Average True Range in percent/ATR (20) | 80.58 | HIGH VOLATILITY | The high ATR as a percentage value for QNGY suggests high volalility. |
| Average Directional Index/ADX (14) | 28.16 | POSITIVE | The high ADX value value for QNGY suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSE:QNGY (11/8/2022, 8:04:01 PM)
0.71
-0.03 (-3.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-3.44%
1 Week-28.01%
2 Weeks-44.09%
1 Month-70.66%
3 Month-91.3%
6 Month-97.16%
12 Month0%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.69
ATR(20)%80.58%
ATR Inc-87.3%
Range Today0.07
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High4.49
10 Day Low0.68
20 Day High4.49
20 Day Low0.68
52 Week High143
52 Week Low0.68
CS1 EndN/A
CR1 Start1.23
Volume & EV
DER(3)-4.39%
DER(5)-4.14%
Volume1.06M
Volume Incr-59.3%
Vol(5)3.30M
Vol(50)4.26M